(CNN)- The Democratic National Committee launched a television ad Friday accusing Republicans of appealing to Wall Street for campaign money in exchange for stopping proposed financial regulation from being passed.

"They're at it again, promising Wall Street 'we'll have your back'," says the narrator in the 30 second spot, citing a Wall Street Journal article published Thursday.

The ad, which cites Republican fiscal policies as a major cause of the economic recession, features a picture of Senate Minority Leader Mitch McConnell, RNC Chairman Michael Steele and House Minority Leader John Boehner with the slogan "the era of putting Wall Street over Main Street is over."

soundoff(132 Responses)

The thing is: there is no difference from a Chris Dodd and a John McCain. They are the same. The republican or democrat label matters little. They both are corrupt to the core.

The 2 Party illusion is really one party. If there is a 2 party system in this country it's rich and poor.

February 5, 2010 02:14 pm at 2:14 pm |

Gary

This is a Great Idea. Keep up the pressure!

February 5, 2010 02:24 pm at 2:24 pm |

ran

Good. Everyone who votes should know just what the Republicans have done to this country for way too long.

If people are unset with how things are going then they need look no further then the fear/hate/obstructionism/purity ideology of the Republicans.

If you want real change to take place with the Republicans acting as they are then vote for either a true Democrat or an Independent in 2010/2012. Do not as the voters of MA. did and reward the Republicans with their hate/fear/obstructionism/purist actions.

February 5, 2010 02:25 pm at 2:25 pm |

Laurie

Republicans thrive off of Wall Street. They don't care about middle class and poor people. Never have, never will.

February 5, 2010 02:25 pm at 2:25 pm |

wmscot

The party of NO wants more money to fight the regulators. They are not the party of NO but the party of GREED. We need to get the lobbyists out of our lives !

February 5, 2010 02:28 pm at 2:28 pm |

GI Joe

Again? They never stopped. It was started a decade ago and hasn't let up. When will the smart people realize the republicans just want to protect the profits of insurance companies and wall street? That's their true base, the big money in this country. Not us.

February 5, 2010 02:28 pm at 2:28 pm |

Teleprompter of the U.S.A.

1. Of course, it means nothing that Obama received millions of donations over the internet that were never verified. None of those were illegal donations from foreign people, I'm sure.
2. The major cause of the recession were subprime mortgages pushed by Democrats that ruined the financial markets. Sorry, DNC.

February 5, 2010 02:28 pm at 2:28 pm |

davis harbour oregon's water is poisoned

i would love to see how much $$$ the DNC and Obama got from Wall Street. If the RNC has a brain it will respond with this info and send the DNC packing.

February 5, 2010 02:29 pm at 2:29 pm |

dora

With the "liberal media" bias, good luck gettng this to see the light of day. Now if you want to spout your opinion about abortion, I hear they are still looking for spots to fill the SuperBowl time slots. Wake up, the media is owned by 5-6 major multinational conglomerations who dictate what they can and can't say. Look at it this way, Fox "News" Channel is carried on basic cable pretty much everywhere (MSNBC, who is as biased as Fox is not), Rush Limbaugh likewise is also across the radio dial in every state... I am a liberal and there is no liberal media (unless you go looking for it, I stream progressive radio on my computer, there is no progressive radio programming in central Ohio). Why are people afraid of "big government", but they will hand over their rights to transnational conglomerates? Listen to both sides of every story, and make your own decisions. Demand the truth, regardless of whose politics it favors, Americans have always decided matters for themselves. Why are we allowing ourselves to be led like a pack of frightened sheep?

February 5, 2010 02:34 pm at 2:34 pm |

Wait a minute.......

didn't Obama make a huge backroom deal with the pharmaceutical companies so they would support Obamacare??? Duh.

February 5, 2010 02:35 pm at 2:35 pm |

EMJ

The Steele guy looks just like a motivational speaker your work place might hire. I just hope he doesn't live 'in a van down by the river" 🙂

February 5, 2010 02:35 pm at 2:35 pm |

Chas in Iowa

It's a good add, it shows two out the top three senators we need to make a concerted effort to inform the public about. All three are up to their chins with special intrest groups, carry the GOP montra to a whole new level, and fail to represent their constituents over their prefered lobbyist.
The senator missing from this article is Senator Grassley, the GOP stooge that held the health reform comittee up for a long time adding in all the big pharma and big insurance perks (then voted against the bill anyway).
If one of these tired old senators is from your state please vote them out of office in November. They don't represent you anymore anyway.

February 5, 2010 02:37 pm at 2:37 pm |

Pete East

The Democrats have had control of Congress since 2006 and have had control of the Presidency and a healthy majority in both the Senate and the House for over a year now. All you will hear is that the Republicans are to blame; and their Liberal base will bleat this to the four winds as loudly as they can. In an attempt to get Republican law makers to vote for Liberal measures, which the majortiy of constituents who voted them into office oppose, they are labled "obstructionists" and designated the "Party of No".

It’s understood that this is the best the Liberal wing of the Democratic party can do. Please just continue to do it with the results we have seen in elections in Virginia, Connecticut, Massachusetts, ……

February 5, 2010 02:39 pm at 2:39 pm |

notfooledbydistractions

They can run, but they can't hide. Expose the liars and hypocrits.

February 5, 2010 02:43 pm at 2:43 pm |

lindy, FL

This is true it was in the Wallstreet Journal on Feb 4, 2010 page A6.

It's shameful because the GOP tells America they are made at Wallstreet yet they court them and tell them per the paper that they and i quote

"At dinner, John Boehner said congressional Republicans had stood up to Mr. Obama's efforts to CURB PAY and IMPOSe NEW REGULATIONS. The Republican leader also said that he was dissapointed many on Wallstreet continue to donate their money to Democrats."

also quoted

"In discussions with Wallstreet Executives, Republicans are striving to make the case that they are BANKS 'BEST HOPE OF PREVENTING PRESIDENT BARACK OBAMA AND CONGRESSIONAL DEMOCRATS FROM CRACKING DOWN ON WALL STREET"

The article also says the follwoing about ERIC CANTOR

"I sense a lot of dissafaction and a lot of buyer's remorse on Wall Street, said Rep. Eric Cantor (R., Va) the second ranking house member

CNN can we have coverage on this appears that the DEFICIT is not of great concern to the Republicans as we are being told by them on every chance they get to run to the cameras

How about some "additional reporting"

The American simply want to the truth from both parties

February 5, 2010 02:49 pm at 2:49 pm |

Dean

Too bad the Democrats didn't go back far enough to show how much Clinton's actions contributd to thje current financial meltdown, especially in the area of the housing market.
The current mortgage crisis came about in large part because of Clinton-era government pressure on lenders to make risky loans in order to “make homeownership more affordable for lower-income Americans and those with a poor credit history,” the DC Examiner notes today. “Those steps encouraged riskier mortgage lending by minimizing the role of credit histories in lending decisions, loosening required debt-to-equity ratios to allow borrowers to make small or even no down payments at all, and encouraging lenders the use of floating or adjustable interest-rate mortgages, including those with low ‘teasers.’”

Also the changes in tax structures by Clinton made it profitable to make a business out of buying and selling houses.

February 5, 2010 02:51 pm at 2:51 pm |

Right Leaning Independent

No Wall Street = No Jobs for Main Street! I know this is a difficult concept for a community organizer to understand....

February 5, 2010 02:52 pm at 2:52 pm |

Johnny DC

Like this will put even the slightest dent in the decline in Democrat polling and election results?

At least Wall Street is a capitalistic endeavor. Better to spend our money there than on Socialist reform.

February 5, 2010 02:54 pm at 2:54 pm |

dale

Dnc, pelosi, aclu...etc listen up it's over....
We may not like the republicans either but your methods of fixing this mess has not only scared businesses and individuals into not spending money but your bankrupting our nation "saying your fixing it"
So all must go this year from both sides

February 5, 2010 02:59 pm at 2:59 pm |

Kate

Where is the backbone and character of the republican party....to help the problems in the country?????? These people are against America!

February 5, 2010 03:00 pm at 3:00 pm |

Michael from Ventura

The republicans are being called out because their lies just can't cover up all their blunders...They call the President a socialist and expect the American people to buy into their nonsense. Karma will happen- no matter how they try to hide it.

February 5, 2010 03:00 pm at 3:00 pm |

Tyrone

Deparate act, from a desparate party.

February 5, 2010 03:05 pm at 3:05 pm |

Joe from Ohio

I guess the DNC didn't get Obama's memo asking everyone to be nice to each other!!! hehehehe

Yep, Change You Can Believe In !!!!

February 5, 2010 03:07 pm at 3:07 pm |

stevegee

"...Republican fiscal policies as a major cause of the economic recession..."

The Democrats lie!

The bubble that burst was caused by Democrat-led legislation and liberal arm-twisting, including:

1) The Community Reinvestment Act passed under Carter and ramped up under Clinton - owning a home is expensive, and if a person can't afford it, they never should have been politicized into buying one.

2) Fannie Mae and Freddie Mac - Barney Frank's pet projects, which are now basically insolvent but being propped up by the Feds. What a nincompoop!

The American people have awakened from their "hope and change" coma, and aren't going to be fooled by this propaganda.

February 5, 2010 03:11 pm at 3:11 pm |

indy

The Treasury Secretary puts Wall Street ahead of Main Street, so Republicans aren't the only ones.